ANNOUNCEMENT 21 Apr 2014In April 2014, the government of Venezuela announced a change in production support.
NUMBER OF INTERVENTIONS
Ministerio del Poder Popular para la Agricultura y Tierras, DM/No. 023 of 21 April 2014, published in Official Gazette no. 40.395 of 24 September 2014 (in Spanish): http://www.tsj.gov.ve/gaceta/abril/2142014/2142014-3961.pdf#page=4
FAO, news item of 2 April 2014 (in Spanish). http://www.fao.org/agronoticias/agro-noticias/detalle/en/c/219049/
Venezolana de Velevisi?n, news item of 22 April 2014 (in Spanish): http://www.vtv.gob.ve/articulos/2014/04/22/en-gaceta-oficial-nuevo-subsidio-al-arroz-paddy-de-produccion-nacional-6322.html
Venezolana de Velevisi?n, news item of 31 March 2014 (in Spanish): http://www.vtv.gob.ve/articulos/2014/03/31/gobierno-bolivariano-anuncia-nuevo-subsidio-para-productores-de-arroz-tuits-8116.html
On 21 April 2014, the Ministry for Agriculture adopted DM/No. 023/2014 which introduces a subsidy of Bs. 4.70per kg (USD 0.75per kg, as of 4 May 2014) on the rice between 1 January 2014 to 30 July 2014. Compared to the last subsidy on rice, this one represents an increase of USD 0.41per kg (see 'Related Measures'). This subsidy to domestic producers disadvantages foreign rice suppliers that are or seek to supply customers in Venezuela.
The measure has a retroactive effect, i.e. it took effect on 1 January 2014.